Dow Jones down 1000pts...who bought Accenture for 1 penny?

[colnago]

Somebody got "REALLY" lucky and bought a $40 "Dow Component" stock for $0.01, but wound up sending the market into panic. Crazy, crazy stuff.

The stock I owned opened closed at $5.57 yesterday, opened up as high as $6.10, dropped to $4.66, and now back at around $6.:eek:

[Marlon]

Whoops indeed... "Trading error" at major firm blamed for market plunge. CNBC saying someone typed "billion" instead of "million"

[optimistprime]

yup, already stocking up on ammo, and food. The rifle and the HK are all ready.....the world is going down the crapper.

[colnago]

I wonder if it was somebody at work, coming back from lunch and checking the internet, and seeing the Dow down 400, paniced and fat-fingered their trade. My online trading software has level 2 quotes, and those $0.01 bids are "clickable". I couldn't even login to my other online trading account...I think some systems got flooded.

I'm glad I held on, I'm actually up for the day, after the stock dipped. 20%+. I know somebody had to have made a killing on the way down and up. The Accenture play netted 40,000%? Even if it was as basic 100 shares, they turned a dollar into $4,000.

[wmarone]

The Accenture play netted 40,000%? Even if it was as basic 100 shares, they turned a dollar into $4,000.

They may say that "money does not grow on trees" but I think this proves it grows on things much, much less substantial than a good, solid tree.